Question

A investor will invest in mutual fundwith a probability of 0.6, will invest in government fundwith a probability of 0.3, and will invest in both fundswith a probability of 0.15. Find the probability that the investor will invest in either mutual fundor government fund.

Answer 1

0.75

Step-by-step explanation:

From this question above we have the following information

A = probability of investment in mutual fund= 0.6

B = probability of investment in government fund = 0.3

C = probability of investing in both the mutual fund and the government= 0.15

Where to find the probability of this investor investing in either of these two

= Prob(a) + prob(b) - prob(c)

= 0.6 + 0.3 - 0.15

= 0.9 - 0.15

= 0.75